GRI Bio Agrees to Exercise of Warrants at Reduced Price; Shares Fall Premarket After Doubling on Monday

MT Newswires Live10-22

GRI Bio (GRI) said late Monday that it agreed to exercise certain warrants at a reduced exercise price of $1 per share.

The company issued the warrants in February to purchase 762,236 shares of its common stock with an original exercise price of $14.30 apiece.

The offering will likely close on or about Tuesday.

Shares of the company fell 14% in premarket activity Tuesday. It closed 128% higher in regular trading on Monday.

Price: 1.1300, Change: -0.19, Percent Change: -14.39

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